Ahead of the company’s fourth quarter results, CIBC analyst Todd Coupland has maintained his “Buy” rating and $7.00 price target on BlackBerry (BlackBerry Stock Quote, Chart, News, Analysts, Financials NYSE:BB).
Coupland raised his price target on BB from (US) $6.00 to $7.00 on February 24.
On April 2, before the market open, BlackBerry will report its Q4 and fiscal 2025 results.
On December 19, BB reported its Q3 results. The company posted a Net Loss of $11.0-million on revenue of $143.0-million, down 5.9%, year-over-year. Despite the downtick, manangement said the company was heading in the right direction.
“BlackBerry achieved a significant inflection in its results this past quarter,” CEO John J. Giamatteo said. “Driven by a combination of strong revenue performance for both our Cybersecurity and IoT divisions, and continued focus on costs and efficiency, the Company delivered stronger than expected profitability and a return to positive cash flow ahead of schedule. The announcement of a definitive agreement for the sale of Cylance to Arctic Wolf is a further transformational step for the Company, placing BlackBerry on a path to accelerating profitability post-close.”
Shares of BlackBerry on the NYSE closed March 28th down 1% to $3.92.
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